Pre-approval

Most lenders use an automated system, but the problem with that, is the decision is only as good as the input. And the input is usually managed by sales person or the applicant themselves. This leads to loans being declined even after a pre-qualification letter has been granted.

With a pre-approval through SELFi, you can home shop with confidence. It gives you a leg up in a competitive market.

The downside to getting pre-approved, is it requires more time. Basically, your application is being underwritten as if you were ALREADY in contract. In the end, it saves you time, money, and stress.

Quicken Loans Lower Rate Guarantee Terms and Conditions:1. “Lower APR” means the annual percentage rate, which considers the interest rate in addition to the cost of credit.
2. Offer is only valid in the states SELFi is licensed in.
3. Offer is only valid on loan products that Quicken Loans offers both in its retail and wholesale channel.
4. To submit an offer, borrower must (1) provide Loan Estimate from Quicken Loans retail channel to hello@SELFi.com (2) Borrower must apply with SELFi Mortgage Coach Joseph Flannery within 2 business days of the Loan Estimate being issued by Quicken Loans retail. (3) if the Loan Estimate from Quicken Loans through SELFi is not at a lower interest rate at the same or reduced costs, or the same interest rate at lower closing costs, the borrower can claim offer.
5. To claim offer, borrower must (1) fund their loan with Quicken Loans retail. (2) Present closing disclosure and final note from funded loan within 15 days of funding. SELFi will then write a check made out to the borrower for the amount of their monthly principal and interest payment.
6. SELFi reserves the right to rescind or modify the terms of this offer without prior notice.